The cryptocurrency market was recently in a correction phase after the majority of coins in the market surged enormously and tested new yearly highs. The king of cryptos – Bitcoin (BTC) – tested a level is has noted over the past ten months. Bitcoin (BTC) price soared to the high of almost $14k before it started correcting lower. The price of Litecoin (LTC) also did enormously well. LTC USD price skyrocketed and broke over the short-term Litecoin price prediction 2019. The bulls lost control of the market and bears took over, resulting in the plunge of many digital currencies in the market. The price of Bitcoin (BTC) plunged and broke below the $11k level. However, the $10,500 mark acted as support and prevented further losses from occurring. At the press time, BTC USD price is in the green and it is currently trading close to the $12k level.
Litecoin Price Recovers After the Shape Crypto Correction – Litecoin Price Prediction 2019 – Cryptocurrency Market Update – Litecoin Halving Date
Over the past week, Litecoin (LTC) is one of the best performers in the market. The price of Litecoin put a smile on the face of many digital asset investors. Even when Bitcoin (BTC) and other altcoins were plunging, the price of Litecoin (LTC) was moving in the opposite direction. According to many digital asset investors and analysts, Litecoin (LTC) was experiencing those massive gains because of the forthcoming Litecoin halving.
The recent speculations about the forthcoming Litecoin halving have greatly contributed to the growth in the price of Litecoin over the past weeks. Litecoin halving date is drawing closer and the anticipation around the halving has been making waves in the industry. Many digital asset investors are increasing their Litecoin holding because they don’t want to miss out on the next massive rally in the price of Litecoin. As a result of this, Litecoin price prediction 2019 is very bullish and many believe the price of Litecoin will head to the moon in the month of the halving.
Litecoin halving date is in August and the price of Litecoin is expected to head to the moon as this date draws closer. After the recent plunge, which dragged LTC USD price towards the $100 mark, Litecoin is now back in the green. At press time, the digital currency has started another rally which could push it towards the short-term Litecoin price prediction of $150.
Litecoin Price Analysis – Litecoin Price Prediction 2019 – Litecoin Halving Date – Cryptocurrency News Today – Litecoin News Today – Crypto News Update
The short-term and medium-term outlook of Litecoin (LTC) is very bullish. Some analysts believe that by the end of this year, the price of Litecoin would be roaming around the $200 level. However, some other bullish analysts are giving a Litecoin price prediction 2019 of $1k. Will Litecoin hit the $1k level before the end of this year?
At the press time, Litecoin (LTC) looks strongly supported at the $115 level. The digital currency is currently heading for the $120 mark, which is its immediate hurdle point. If Litecoin (LTC) breaks over the $120 mark today, it might test a high of $130 or $140 this weekend.
Litecoin (LTC) Price Today – LTC / USD
At the press time, LTC USD live price is $118 after an increase of about three percent over the past day. The current market cap of the digital currency is $7.32 billion. The trading volume of Litecoin (LTC) over the past twenty-four hours is $4.35 billion.